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Food Flavors & Enhancers Market Share

Report ID: GMI4963
Published Date: Dec 2023
Report Format: PDF

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Food Flavors & Enhancers Market Share

Firmenich SA, International Flavors & Fragrances Inc. (IFF), Archer Daniels Midland Company (ADM), Koninklijke DSM NV, and Givaudan SA dominate the market. They possess extensive global reach, strong R&D capabilities, and diverse product portfolios.

Continuous development of new flavors, enhancers, and delivery formats is crucial for differentiation. Players invest heavily in R&D and collaborate with chefs, food scientists, and consumers to identify trending taste profiles. Glanbia Nutritionals has acquired Foodarom, a Canadian company renowned for crafting distinctive flavors, in a deal valued at US$45 million. This strategic acquisition positions the corporation to strengthen its standing in the food flavoring industry.

Food Flavors & Enhancers Market Companies

The companies in the market are focusing on strategic partnerships, new product launch & commercialization for expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Some of the major companies operating in the food flavors & enhancers industry are:

Koninklijke DSM N.V.
B&G Foods Inc
Sensient Technologies Corporation
Cargill Inc
Givaudan S.A
Ajinomoto Group
Archer Daniels Midland Company
Kerry Group
A&B Ingredients
International Flavors and Fragrances
Bell Flavors & Fragrances
Scelta Mushrooms B.V
DPO International Sdn. Bhd
Penta Manufacturing Company
Firmenich SA

Authors: Kunal Ahuja, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food flavors & enhancers reached USD 8.73 billion in 2023 and is set to cross USD 15.07 billion by the end of 2032, led by the growing investments led by food manufacturers for the development of unique and exotic flavors.

Natural food flavors & enhancers industry was valued at USD 8.73 billion in revenue in 2023, owing to the surging need to improve the performance of pesticides and herbicides.

The bakery application segment recorded around 37.97% revenue share in 2023, due to the evolving consumer preferences for innovative and refreshing drink options.

North America market size was USD 2.92 billion in 2023, attributed to the robust demand for innovative and diverse flavors and the well-established food and beverage sector.